Newsmakers

CytoDyn (OTC: CYDY) Announces Execution of Exclusive Agreement with American Regent for Distribution and Supply of Leronlimab for Treatment of COVID-19 in United States

This Agreement will allow for immediate distribution of leronlimab to patients for the treatment of COVID-19 upon successful completion of CytoDyn’s ongoing clinical trials and FDA approval VANCOUVER, Washington, Jul 06, 2020  — CytoDyn Inc. […]

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Novavax (NAVX): A David Vs. Goliath Story

There’s an interesting subtext to pharmaceutical companies’ battle against COVID-19. Taming the “invisible enemy” is undoubtedly the main objective, but the race for a vaccine or treatment has also created a David vs. Goliath narrative between the companies chasing solutions.July 1 provided a good example of this subtle duel.Pharma giant Pfizer and its partner, BioNTech, presented the first set of positive data from a Phase 1/2 study of their experimental coronavirus vaccine.All 24 participants who received two doses (of either 10 or 30 micrograms) of its BNT162b1 candidate produced neutralizing antibodiesseven days after the second dose.As a result, shares of …read more […]

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Bayer’s Roundup-Cancer Settlement Plan Hits Snag

(Bloomberg) — Bayer AG’s plan for moving on from its Roundup legal woes hit a snag barely two weeks after it announced a nearly $11 billion settlement of claims the popular weedkiller causes cancer when a judge expressed skepticism about its proposed treatment of future claims.U.S. District Judge Vince Chhabria called the plan to create a class action for future litigants problematic in a court filing Monday and said he was “tentatively inclined” to reject it. He set a July 24 hearing date. Shares of Bayer, which inherited the weedkiller through its purchase of Monsanto, fell as much as 7.1% …read more […]

Newsmakers

NexTech’s (OTC: NEXCF) InfernoAR Virtual Events Platform Chosen by National Association of Medicaid Program Integrity & by National Association of Medicaid Directors

Increasing Trend of Global Enterprise and Institutions Choosing InfernoAR for Video Conferencing, Virtual Meetings With Enhanced Security, and Augmented Reality SANTA CLARA, Calif. and TORONTO, July 07, 2020  — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) […]

Spotlight Stocks

RingCentral, Inc. (NYSE:RNG), Vladimir Shmunis, CEO: “Rapid Adoption of Video Communications As Collaboration Moves to Cloud”

            RingCentral, Inc. (NYSE:RNG) Q1 2020 Earnings Conference Call Summary Highlights Vladimir Shmunis, CEO: “…Now on to Q1 we delivered a strong first quarter with continued strength in mid-market enterprise […]

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United Airlines warns of lower bookings, furloughs – WSJ

United’s reservations for travel within the coming month quickly began to slide after New York, New Jersey and Connecticut said last month they would require people arriving from hot-spot states to quarantine for 14 days, the report said. The slump was most pronounced at United’s Newark hub, where near-term net bookings were just about 16% of year-ago levels as of July 1, the Journal said. Earlier this month, United said it was adding nearly 25,000 domestic and international flights in August, tripling the number it flew in June, while standing ready to shift plans if recent spikes in …read more […]

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Novavax Spikes 42% Pre-Market On $1.6B U.S. Funding For Covid-19 Candidate

Shares in Novavax (NVAX) are currently jumping 42% in pre-market trading after the biotech company said that it has been granted $1.6 billion by the U.S. government to fund the development of a potential coronavirus vaccine.The stock is soaring to $116.53 in Tuesday’s pre-market trading as Novavax announced that it has been selected to participate in Operation Warp Speed (OWS), a U.S. government program that seeks to begin supplying millions of doses of a safe, effective vaccine for COVID-19 in 2021. As part of the program, Novavax has been awarded with the funding to complete its late-stage clinical development, including …read more […]

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How Fraudsters Bilked American Airlines and Citibank in Frequent Flyer Schemes

American Airlines is telling the U.S. Department of Transportation your pet dog cannot apply for a credit card. Nor can you apply for a credit card using other fraudulent means. Lawyers for the airline made that clear this week in a 53-page document alleging some loyalty program members recently took part in an “elaborate scheme […] …read more […]

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Microsoft Mulls Acquisition of Warner Bros.’ Gaming Unit – Report

Microsoft Corp. (MSFT) is reportedly interested in buying the gaming unit of Warner Bros-owned AT&T Inc. (T) to ramp up the game-making capabilites of its Xbox devices.The Information reported on Monday, citing two people familiar with the matter, that AT&T hasn’t yet decided whether to sell the Interactive Entertainment gaming division that owns popular videogame “Mortal Kombat”.The interest comes as Microsoft is poised to announce a new lower-tier Xbox to accompany its upcoming console release of the Xbox Series X this fall.Reported on June 26, by The Verge, a leaked Microsoft document revealed plans for a lesser-powered next-gen Xbox console …read more […]

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Let Free Will Decide… Not the Government

Many people contact me to pick up their banner… their cause.
I’m glad they do because it keeps me abreast of the varied ideas people have for cultural policy.
Note that I purposely did not say public policy because that sounds political.
When I think of policy, I think of society choosing – voluntarily – to do something different.
For example, right now the number of people gardening is probably the highest it’s been since the 1940s.
Everywhere folks are putting in some veggies, planting a fruit tree and buying berry plants.
No government agency encouraged it. The IRS did not incentivize it. I can’t even …read more […]

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Were Hedge Funds Right About Western Digital Corporation (WDC)?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]